Dissolution


This query is : Resolved 

23 January 2009 Please suggest me,
what is the basic difference between piece meal distrubtion and going concern dissolution

KAAPIL (Expert)
25 January 2009 Piecemeal Dissolution : The firm is dissolved but creditors are paid by sale of assets one by one.

Going Concern Dissolution : Auditor qualifies in the report that firm/company intends to sale the assets thereby violating principles of Going Concern.

25 January 2009 tahnks for the info.


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